Liquidity staking protocol Kintsu announced the completion of a $4 million seed round financing.

Liquidity staking protocol Kintsu announced the completion of a $4 million seed round financing, led by Castle Island Ventures, with participation from Brevan Howard Digital, CMT Digital, Spartan Group, Breed VC, CMS Holdings, and Animoca Ventures. Kintsu is reportedly building a liquid staking protocol on the Monad blockchain and plans to launch the sMONAD liquid staking token in the first week after the Monad mainnet goes live. (TheBlock)